RAI DeFi platform raises 1.5 million USD

The blockchain-based decentralized finance (DeFi) protocol RAI Finance announced that it has succeeded in attracting approximately $1.5 million worth of strategic investment led by global crypto funds including GBIC and Alphabit.

Rai Finance is a project which seeks to build a DeFi ecosystem with a higher amount of liquidity and diverse set of financial use cases by integrating with the Polkadot ecosystem. Rai Finance, combined with Polkadot's cross-chain compatibility, was created to solve problems in building DeFi-based digital assets and supplying liquidity to existing distributed financial ecosystems.

The ~1.5 million USD investment in Rai Finance is led by global renowned crypto funds such as GBIC and Alphabit. GBIC has invested in many well-known blockchain projects worldwide including Oasis Labs, Theta, and Iotex. Similarly, Alphabit is a global crypto fund known for investing in projects such as Bella.